Lynchburg-based-BWX Technologies Inc. has announced that its subsidiary BWXT Canada Ltd. (BWXT Canada) has entered an agreement to acquire GE Hitachi Nuclear Energy Canada Inc. (GEH-C).
The terms of the transaction are not being disclosed.
GEH-C is a major supplier of fuel, fuel-handling systems, delivery systems and replacement components for CANDU reactors, Canadian-developed, pressurized heavy water reactors used for generating electric power.
GEH-C employs about 350 employees and operates three sites in Ontario, including Peterborough, Toronto and Arnprior
The deal is expected to be completed, subject to required Canadian regulatory reviews and other closing conditions, during the fourth quarter of 2016.
